Atheer Labs Receives Funding from Flextronics Lab IX

Atheer,
the developer of gesture-controlled, immersive 3D wearable computing
platforms, today announced an investment from the dynamic hardware
startup program Lab IX, a part of Flextronics. Investment from Lab IX
will help Atheer complete designing and building its immersive augmented
reality technology by leveraging Flextronics’ network, experience and
expertise in getting emerging technology hardware to market quickly.

“Partnering with Flextronics Lab IX is very exciting for Atheer and for
everyone excited about truly immersive augmented reality,” said
Soulaiman Itani, founder of Atheer Labs. “Lab IX has an incredible
network of manufacturers, designers and supply chains that are immensely
valuable for startups to bring their hardware to the next level. They
offer a world class level of service and knowledge that will provide
Atheer with the scale, scope and speed to bring the Atheer platform to
the public.”

“We are very excited to add Atheer to the Lab IX portfolio and are
excited to help bring their immersive 3D augmented reality device to
market,” said Lior Susan, Vice President and Head of Flextronics Lab IX.
“We believe Atheer’s team has built an incredibly powerful platform that
has the potential to really change the way people work and we are proud
to have them join our program.”

Flextronics Lab IX’s investment follows Atheer’s announcing three new
patents for wearable optics technologies and security as well as two key
new hires to its team including Mario Kosmikas, Vice President of
Software Engineering and Alan Shen, Chief Designer.

About Atheer

Atheer is dedicated to creating augmented reality technology to enhance
the human experience. We are pioneering and perfecting the mobile 3D
platform--the platform of the future. The company is based in Mountain
View, CA and was founded by Soulaiman Itani. Atheer's investors include
Bobby Yazdani, Co-Founder of Saba Software and Farzad Naimi, Co-Founder
& Managing Partner, RONA Holdings. For more information, please visit http://atheerlabs.com.

About Flextronics

Flextronics is a leading end-to-end supply chain solutions company that
delivers design, engineering, manufacturing and logistics services to a
range of industries and end-markets, including data networking, telecom,
enterprise computing and storage, industrial, capital equipment,
appliances, automation, medical, automotive, aerospace and defense,
energy, mobile, computing and other electronic product
categories. Flextronics is an industry leader with $26 billion in sales,
generated from helping its customers design, build, ship, and service
their products through an unparalleled network of facilities in more
than 30 countries and across four continents. Flextronics' service
offerings and vertically integrated component technologies optimize
customer supply chains by lowering costs, increasing flexibility, and
reducing time-to-market. For more information, visit www.flextronics.com or
follow us on Twitter @flextronics.

About Flextronics Lab IX

Flextronics established the Lab IX Accelerator Program to support early
stage disruptive technology companies incorporating hardware and
software innovation. Lab IX program participants gain access to our
global end-to-end supply chain solutions, wealth of experience in
hardware design, manufacturing and logistics across a wide range of
markets and benefit from our specialized partners at an unprecedented
scale. Lab IX takes the ‘hard’ out of hardware and creates the right
ecosystem of investments, technology capability and experienced partners
to accelerate your idea and help get your products sold. Our connections
in the heart of the Silicon Valley and around the world deliver you the
right channels for manufacturing and distribution with the fastest time
to market. For more information on Lab IX, visit http://www.labix.io.

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